Following are the days biggest winners and losers. Find out why shares of Hanes (HBI), Cooper Tires (CTB) and WMS Industries (WMS) popped while Martha Stewart (MSO) and Standard Pacific (SPF) dropped.
POPS (stocks that jumped higher)
Hanesbrands (HBI) pops 7%. Profit at the underwear maker jumps on a move to lower cost at factories. - Jeff Macke likes this stock as a turn around play.
Cooper Tire (CTB) pops 5%. The tire maker reports a larger than expected profit and said the positive momentum will keep rolling. - Guy Adami recommends buying this stock on a dip.
WMS Industries (WMS) pops 11%. The maker of lottery and gaming machines rose as investors cast their chips on a strong earnings report tomorrow. – Eric Bolling likes this stock for Macao.
DROPS: (stocks that slid lower)
Standard Pacific (SPF) drops 14%. The California-based homebuilder was the latest victim of the housing collapse. - Eric Bolling says stay away.
Martha Stewart (MSO) drops 6% to a 3 year low. The domestic-diva -- according to the NY Post -- says K-Mart not doing enough to hock her wares. - Tim Seymour says this stock is a sell.
China's Stake in Blackstone (BX) is down $425 Million or 14% in six weeks according to NY Times. – Jeff Macke believes BX is going lower.
CHINESE BLOGGERS RIP BLACKSTONE STAKE
"O senior officials of the Chinese government, please do not be fooled by sweet-talking wolves dressed in human skin..."
-Anonymous Posting on Sina.Com
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Trader disclosure: On Aug 6 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (ATVI), Seymour Owns (AAPL) (BX), (EEM), (EWZ), (EWT), (GLD), (ITU), (LEH), (MBT), (SSL): Red Star Asset Management Owns (EEM): Bolling (SZE), (VE), (MPEL), Owns Gold, Silver, Platinum, Copper, Bolling Is Short (FXI) But Bullish Long-term